President Donald Trump says the United States will win the Iran war soon, claiming that its conclusion will bring sharply lower gasoline prices and eliminate inflation.
Speaking during a September 28 announcement about an Iowa steel project, Trump predicted a US victory without setting a firm deadline.
He also made a sweeping promise about prices:
“As soon as that war ends, inflation’s going to be eradicated totally.”
The remarks are recorded in the Factba.se transcript. They represent the president’s prediction, rather than confirmation of an agreement to end the conflict.
Cheaper oil would help, but inflation is broader
An easing of energy disruptions cTrump Says Iran War Will End Soon and Inflation Will Disappear
ould reduce pressure on fuel, transport and production costs. That would not automatically eliminate inflation, which also reflects prices across housing, food and services.
Lower inflation also means prices are rising more slowly, rather than necessarily returning to earlier levels.
Related: CPI Report: August Inflation Stays High, Putting Fed Rate Hike in Focus.
Markets still need evidence of progress
For investors, a lasting reduction in energy pressure depends on developments such as an enforceable agreement and improved shipping conditions.
Trump’s promise links economic relief to an end to the war, but leaves the timing uncertain.
Related: Rising Fuel Costs Reshape Politics as Voters Demand Relief.
